USDTRY trade ideas
Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021
USDTRY- 07Mar2022USDTRY- 07Mar2022
On the weekly, price closed near the resistance at 14.23. Once price can close above 14.23, we could expect further upside for USDTRY.
On the H4, price is gradually bouncing back near the pivot at 14.23. Once it can close above this level, we could expect it to bounce back and retest 1st Resistance at 14.600.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-SELL strategyNo change in view.
We should be moving higher first based on the oil price and crisis we are witnessing. We may be seeing 14.50-14.75 and thereafter 15.50-16.00.
I only suggest the medium-term strategy to SELL in TRY weakness, i.e. selling @ 15.25-16.50 for a move back towards 10.50-9.00. Due to timing and cost factors will not present LONG strategy.
USDTRY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDTRY SHORTobvious, same goes for USDJPY big short take profit whenever you want , do you all remember when Putin and Erdogan went to eat ice cream together LOL
USDTRYsupporter of nato, eu, navo-nato , ukraine, because of that their currency will go hard, you are welcome
Strange things have been happening in the world for three yearsStrange things have been happening in the world for three years. However, even more stranger things happening in Turkey.
USDTRY- 04Mar2022USDTRY- 04Mar2022
Today would be crucial for USDTRY. If price can close above 14.23 on the weekly, we could expect USDTRY to bounce higher next week.
On the H4, price is consolidating near the 14.125. We could expect price to at least bounce to resistance at 14.30. Then will need to monitor whether price can hold this level or not.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-NEUTRAL upside biasWe are not as yet seeing very strong upside move. The support 13.98 is there, and same time we have seen it stalling 14.50-14.75 area as well.
The technical pictures for short-term neutral, but fundamentally the current situation may spill over into TRY and causing weakness. Some followers misunderstand my analysis. I like to clarify it a bit more now.
The LOG-TERM chart is extremely overbought, and this suggest strongly we will see 10.50-9.00. However, as noted in many days and weeks, I feel we may see higher levels short-term for the stated reasons. it is possible to see 15.25 - 16.50 again, and that is the time we SELL long-term and/or add. The core long-term is already short 13.50 upwards and earning positive carry along the way.
USDTRY- 03Mar2022USDTRY- 03Mar2022
On the H4, price is holding up above the ascending trendline near the 13.800 area. Price action is mixed for now but if it broke below the ascending trendline, we could potentially expect it to drop to daily 20EMA support at 12.580.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-NEUTRAL upside biasNo change in view.
The danger is still a broad TRY weakening for the short-term. We remain medium-term short (as we are) and add 15.25-16.00 area for the expected correction 10.50-9.00. For now, this is a long-term view and opinion but factors right now means it will remain on the higher side then lower side.
Short-term I suspect we trade 13.25-14.75 only.
USDTRY-SELL strategy upside biasThe pattern starts looking as if we may see strong run up. Both daily and weekly chart has positive stochastic and we have established 13.98 as a base once again.
I understand the cost nature of being long is not good, therefore rather we trade it only medium-term for now.
SELL strategy is SELL 15.25 > 16.50 for now. I think we may see higher then 14.60 this time due to weakness in RUB and it will drag the TRY along a bit plus higher oil prices should increase the inflationary picture world wide.
The over view is down toward 10.50 - 9.00 after we have gone higher at first.
USDTRY- 02Mar2022USDTRY- 02Mar2022
On the monthly, USDTRY was not able to close above the previous monthly candle. Hence, price action is mixed for Mar22. On the daily, price could potentially dropped back to retest 20EMA at around 12.580.
On the H4, price is holding up above the ascending trendline near the 13.800 area. Price action is mixed for now but if it broke below the ascending trendline, we could potentially expect it to drop to daily 20EMA support at 12.580.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-NEUTRAL with upside bias to sellNo change in view.
We are below 13.98 resistance and we are still very overbought long-term. However, high oil prices and the weakness of RUB may filter through to weaker currencies and this may include TRY. That is why we SELL 14.50-14.75 and 15.50-16.00 and higher for a move back to 10.50 - 9.00.
USDTRY-NEUTRAL with upside biasNo change in view.
Strategy is to SELL medium-term 14.50-14.75 and then 15.50-16.50 for a move to 10.50 - 9.00.
The current pattern is boxed in and we have resistance 13.98 again. The USDRUB may drag the USDTRY higher once again. It depends to the developments, i.e. if more escalation, the fear is that surrounding areas will be affected and so the currencies of course.
USDTRY- 28Feb2022USDTRY- 28Feb2022
Today's focus will be on USDTRY can close its monthly candle above previous month candle at 13.930. If it can close above, USDTRY will have higher upside in Mar22.
On the H4, price is bouncing back from the 50MA support. With USD strengthening across the board, USDTRY is expect to bounce higher and retest previous resistance at 14.60.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- SELL with upside biasThe RSI is still very high 86.6 and the stochastic is positive.
The scenario I feel is, that we will again move upwards short-term 14.50-16.00 (it's a medium-term view right) and we will only add or SELL in those ranges to create a valuable average for the down move to 10.50 -9.00 after the climb.
The issue is, it is costly to be LONG and one cannot be sure when or how long the move will take to go upwards. I personally focus on SELL but picking the higher levels and will await patiently for that.
USDTRY 4H (uptrend)The direction of turkish lira still now upward zone. Especially after breaking the 12.88
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Tendency> upward
Entry: above 13.98
Tp.: 14.28 & 14.77 & 15.5
Sl.: 13.74
USDTRY- 25Feb2022USDTRY- 25Feb2022
On the daily, price faced bearish pressure from resistance at 14.2300.
On the H4, price broke above the previous triangle target at around 14.30 before facing bearish pressure to close down at around 14.00. If the political situation intensifies, we could expect the price to rebound and retest 14.6000 resistance.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-NEUTRAL upside biasThe sell 14.60 worked out so far, and I have liquidated the position just now 13.9800. This is the support level for now, and one may expect higher levels again with weakness in RUB etc. and the ongoing conflict in Ukraine.
Strategy SELL 14.50-14.75 and higher 15.50-16.00 for medium-term gain back towards 10.50-9.00.
USDTRY-SELL strategyWe await until we reach 14.50-14.75 area to start SELL again adding to our medium-term short.
The break above 13.98 will attract higher levels, and the USDRUB weakness will drag the pair higher as well. Strategy is SELL small increments 14.50-14.75 and next 15.50-15.75 and finally 16.50-16.75 if reached.
the monthly chart strongly suggest we will correct back to 10.50 - 9.00.
ANALYSIS ON USDTRY(SWING LONG)The pair looks to have closed bullish on W1 and also looking at the last leg of the channel.We will be looking to swing long after potential break of the area of value which is most likely to do so after an overall weekly bullish close and potentially towards the 14.000 area.
